Relating to: creating an Office of Internal Audit attached to the Department of Employee Trust Funds. (FE)

SB 788 creates an independent Office of Internal Audit within the Department of Employee Trust Funds to oversee management of public employee benefit funds. The bill establishes that an internal auditor, appointed by the Employee Trust Funds Board, will report directly to the Board and conduct audits to ensure assets are safeguarded and benefit commitments are met. Key provisions require the auditor to review department activities, monitor legal compliance, and plan audits under Board policies. This office directly affects the Department of Employee Trust Funds' oversight of retirement and benefit systems for public employees. The bill does not change benefit payments or funding levels, only adding a dedicated internal audit function.